Russia - India Form Joint Venture Relationship To Promote Market Growth And Make In India Programme A Success

Russia want follow joint Venture with make in India programme, Russia want manufacture heavy machinery and discuss about setting up joint exercise facilities in India during in year 2016 at the end of march. Commercial Officer and other officials of the two countries, which are associated with the program will start soon, a program consisting .

Russia' s Latest dangerous and top fighter Plane "Sukhoi 30" manufacture like make in India project. On being asked by ET if Sukhoi would consider its traditional partner — Hindustan Aeronautics Limited (HAL) Or other Indian Aeronautics Companies for the proposed JV, Chishchevoy said the Russian delegation is in talks with private companies and that Ratan Tata Agency (Companies) is the only one with technical expertise. 

Fighter Plane Sukhoi 30 is a big business, maintenance and service of Sukhoi 30 considering that the Air Force is believed to be spending three thousend crore annually on the fleet. Bramhos was formed as a joint venture between India and Russia' s defense and research organization, Brahmos names came from Brahmaputra and the grace of Russian moskova river, it' s flow between moskow city.

The success of "Brahmos" mission at programme joint venture has emerged due to the shared vision of people of both the countries to create common civilization, culture and strategic and dynamic relationship in this region.

Crude Oli Market Overview, events in the oil market have a major impact on overall economy

What is evident in the data is that the composition of global oil demand is rapidly changing. Mature economies in the US, Europe and Japan still account for over half of global consumption, but their share is declining. The share of oil consumption in advanced countries has declined from 62.2% in 1980 to 49.9% in 2010. What is happening is that most of the growth in the demand for oil is coming from emerging/developing countries. 

Due to a combination of rapid economic growth and an expanding manufacturing and transport sector, emerging economies are quickly cornering a larger pie of global oil consumption. Growth in manufacturing and vehicle ownership is the most important driver of oil demand in these countries. It is not surprising that the booming emerging economies have posted robust oil demand. 

This is especially true of China and India, with their GDPs growing at an annual rate of around 10% and 8%, respectively, over the past 5 years, with no reasonable expectation of a slowdown. From the historic oil consumption data provided in Tables 2 and 3, following observations are made:

• As is shown in Chart 1, oil price rose significantly in the decade of 1970s. Oil consumption responded to these price hikes with a lag as there was virtually no growth in global oil demand between 1980 and 1990. Oil demand rose from 64.8 mbd in 1980 to only 67.0 mbd in 1990. Demand in mature economies declined by 400,000 mbd over this 10 year period.